Blackberry firm, Research In Motion (RIM), confirmed that the US Securities and Exchange Commission (SEC) has made an informal inquiry into the company’s stock-option grants and practices.
RIM is one of several hi-tech companies that have recently been subject to increased scrutiny over option practices.
The Canadian vendor recently said its original estimate of an accounting related charge on earnings of $25 – 45m will increase substantially because of additional errors found during the audit process.
With Amazon and Google launching smart home initiatives, have the telcos missed out on their chance to cash in on this market?
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